Background Image
Table of Contents Table of Contents
Previous Page  178 / 384 Next Page
Information
Show Menu
Previous Page 178 / 384 Next Page
Page Background

174

DIRECTORS’

R E P O R T

The directors have pleasure in presenting their report together with the audited financial statements of the Group and of

the Company for the financial year ended 31 December 2016.

PRINCIPAL ACTIVITIES

The principal activities of the Company are investment holding and provision of management services to its subsidiaries.

The principal activities of the subsidiaries, joint ventures and associates are described in Note 44 to the financial statement.

There have been no significant changes in the nature of the principal activities during the financial year, other than the

acquisition of KFM Holdings Sdn. Bhd. ("KFM") and Asia Integrated Facility Solutions Pte. Ltd. ("AIFS") as further discussed

in Note 17 to the financial statements. KFM provides integrated facilities management services, green technology and

sustainability services in both Malaysia and United Arab Emirates, while AIFS provides integrated facilities management

services, healthcare facilities management services, housekeeping and patient management services with presence in

Singapore, Taiwan and Malaysia.

RESULTS

Group

RM’000

Company

RM’000

Profit net of tax

46,572

226,382

Attributable to:

Owners of the parent

80,056

226,382

Non-controlling interests

(33,484)

46,572

226,382

There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the

financial statements.

In the opinion of the directors, the results of the operations of the Group and of the Company during the financial year were

not substantially affected by any item, transaction or event of a material and unusual nature.